CHICAGO, Sept. 11, 2019 /PRNewswire/ -- Salaries are projected to rise in 2020, and U.S. employees should also expect to bring home more in bonuses next year, according to new data released today by Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions. Aon's 2019 U.S. Salary Increase Survey of 1,216 U.S. businesses projects base pay budgets will increase by 3.2% in 2020, slightly higher than 2019's 3.1% actual lift. In addition, variable pay, such as incentive or sign-on bonuses, is expected to rise to record levels at 13.1% of payroll, the largest allocation to projected variable pay in the history of the 43-year study.

LONDON, Sept. 9, 2019 /PRNewswire/ -- Aon plc (AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, has announced the evolution of its Investor Relations team. The new and expanded roles are designed to ensure continuity in investor relations, create new development opportunities for colleagues with the firm and reinforce Aon's focus on increasing long-term growth and shareholder value creation. Leslie Follmer, most recently Chief of Staff to Aon's Chief Financial Officer, Christa Davies, will join the Investor Relations team and take over as Senior Vice President and Head of Investor Relations.

is likely to lead to insurance payouts of up to $3bn in the Bahamas, as the first big storm of the Atlantic season continued to bring flood warnings and high winds to the US eastern seaboard. The category five hurricane caused at least 30 deaths and destroyed thousands of properties as it smashed through the Bahamas earlier this week, with the death toll expected to rise. Dorian was the strongest recorded Atlantic hurricane ever to make landfall, with winds that reached 300kph, according to insurance broker Aon.

As the $600bn reinsurance industry’s top brass prepare to gather for their annual shindig in Monte Carlo this weekend, they have one eye on the path of Hurricane Dorian up the eastern coast of the US. The lack of large insurance losses this year has been a boon for the industry, but payouts could rise sharply if the biggest storm of this year’s hurricane season makes landfall in the US. The prices that the likes of Swiss Re, Munich Re and Warren Buffett’s Berkshire Hathaway can charge their customers had been falling for years as the era of low interest rates drove money — and hence fresh capacity — into the industry.

According to the latest iteration of the Semi-Annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Aon plc, 62 percent of companies polled intend to increase staff in the next 12 months. In addition, the Bureau of Labor Statistics reports the unemployment rate for the insurance industry is 1.6 percent. “Insurers plan to continue growing their staffs to accommodate increases in business volume and expansions into new markets, similar to January’s iteration of the study,” says Gregory P. Jacobson, co-chief executive officer of Jacobson.

Major wildfires, tropical cyclones and severe thunderstorms caused US$225 billion in economic losses globally and US$90 billion in insured losses in 2018 – nearly 50% higher than the annual average between 2000 and 2017. According to the 2019 Insurance Market Report from Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions, the catastrophe losses made 2017 and 2018 the most expensive two-year period for insurers ever recorded. “Insurers’ capital positions remain strong for primary and reinsurance markets.

The Jacobson Group and Aon will reveal the results of the Semi-Annual U.S. Insurance Labor Outlook Study in a complimentary webinar presentation on August 16, 2019, at 1:00 p.m. CDT. “This study serves as a reliable source of information on current labor market conditions and is an excellent predictor of future hiring efforts,” said Gregory P. Jacobson, co-chief executive officer of Jacobson. The webinar will be presented by Jacobson and Jeff Rieder, partner and head of Ward benchmarking at Aon.

LIBERTY NATIONAL GOLF CLUB, New Jersey, Aug. 8, 2019 /PRNewswire/ -- Aon plc (AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, and the PGA TOUR today announced that Brooks Koepka has won the inaugural Aon Risk Reward Challenge trophy and the $1 million prize. This unique program is also being contested on the LPGA tour where its top finisher will receive an equal $1 million reward at the LPGA's season finale, the CME Group Tour Championship, in November.

On Friday, July 26, Aon (NYSE: AON ) will release its latest earnings report. Benzinga's outlook for Aon is included in the following report. Earnings and Revenue Aon EPS is expected to be around $1.87, ...